Illumina Inc (ILMN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,511,000 | 1,760,000 | 1,612,000 | 1,372,000 | 1,036,000 |
| Inventory | US$ in thousands | 547,000 | 587,000 | 568,000 | 431,000 | 372,000 |
| Inventory turnover | 2.76 | 3.00 | 2.84 | 3.18 | 2.78 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,511,000K ÷ $547,000K
= 2.76
Illumina Inc's inventory turnover has shown some variations over the past five years. The trend indicates an improvement in the efficiency of managing inventory. The inventory turnover ratio increased from 2.78 in December 2020 to 3.18 in December 2021, indicating that the company was able to sell its inventory more frequently during the year. However, there was a slight drop in the ratio to 2.84 in December 2022 before it increased again to 3.00 in December 2023. In the most recent year, December 2024, the inventory turnover decreased to 2.76.
Overall, the company has been able to maintain inventory turnover at a relatively stable level, with some fluctuations along the way. A higher inventory turnover ratio generally indicates that the company is efficiently managing its inventory by converting it into sales quickly. The slight variations in the ratio suggest that Illumina Inc may have made adjustments to its inventory management strategies over the years.
Peer comparison
Dec 31, 2024